reserve bank of india

MUMBAI: Around Rs 35,000 crore of bank loans made on the strength of a ‘letter of comfort’ (LoC) provided by a corporate run the risk of a downgrade as the Reserve Bank of India (RBI) has disallowed these. The LoC is a vaguely worded…

Three bidders have submitted their bids for takeover of Srei group companies under the Insolvency and Bankruptcy Code (IBC) resolution process, according to sources. The Reserve Bank of India had in October last year superseded the…

Bank credit rose 14.52 per cent to Rs 123.69 lakh crore and deposits increased 9.14 per cent to Rs 169.72 lakh crore in the fortnight ended July 29, according to RBI data. In the fortnight ended July 30, 2021, bank advances stood at Rs…

The Reserve Bank of India (RBI) on Wednesday said that based on the inputs received from the Working Group on 'digital lending including lending through online platforms and mobile apps' (WGDL), it has firmed up a regulatory framework to…

MUMBAI: The RBIon Wednesday mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, as it put in place strict norms to curb rising malpractice in digital lending space.…

The move by the Reserve Bank of India to allow non-resident Indians to pay their bills in India directly through the Bharat Bill Pay System platform is being welcomed by NRIs all over the world. The BBPSis an ecosystem conceptualised by…

The Reserve Bank of India (RBI) on Wednesday cancelled the licence of Rupee Co-operative Bank Ltd in Pune with effect from six weeks from today. According to a press release, the commissioner for cooperation and registrar of Cooperative…

The Reserve Bank of India (RBI) on Wednesday said that based on the inputs received from the Working Group on 'digital lending including lending through online platforms and mobile apps' (WGDL), it has firmed up a regulatory framework to…

After two years of strong outperformance in 2020 and 2021, value-style equities have underperformed their growth counterparts in 2022, with the MSCI India Value Index down 7% YTD 2022 compared to a 1% drop for MSCI India Growth Index.…

Small finance banks will now be able to offer a wide range of forex products to their customers. In a move to provide flexibility to small finance banks the Reserve Bank has allowed small finance banks which have completed two years of…